🚨$CVX CVX/USDT Market Update 🚨

💰 Current Price: $4.584 (-11.49%)

📉 24H Low: $4.420

📈 24H High: $5.370

CVX/USDT has experienced significant selling pressure, dropping by over 11% in the last 24 hours. After reaching a high of $5.370, the price has retraced to test critical support levels near $4.420.

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🔎 Key Technical Levels:

Resistance: $4.720 – The first hurdle for a potential recovery.

Support: $4.420 – A crucial zone to hold; a breakdown could trigger further downside.

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📊 Trading Strategies:

Bullish Outlook:

Look for a bounce from $4.420, targeting $4.720 and beyond.

Set stop-loss orders below $4.400 to minimize risk.

Bearish Outlook:

A failure to hold above $4.420 could open the door for further declines toward $4.200.

Consider short positions if downward momentum persists, with stops above $4.600.

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⚠️ Volatility Reminder:

With an 11% drop, market volatility is high. Trade cautiously and monitor for volume spikes to confirm trend direction.

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📢 What’s next for CVX? Will it rebound or continue its downtrend? Share your thoughts!

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